EPF declares 5.2pct dividend, total payout of RM47.64b

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The Employees Provident Fund (EPF) has declared a dividend of 5.2 per cent with a payout amounting to RM42.88 billion for Simpanan Konvensional and 4.9 per cent for Simpanan Shariah, with a payout totalling RM4.76 billion.Cumulatively, the total payout for 2020 is RM47.64 billion, EPF said in a statement today.“With an average five-year real dividend of 4.62 per cent for Simpanan Konvensional and 4.32 percent for Simpanan Shariah after adjusting for inflation, the EPF has exceeded its strategic target of declaring at least 2 percent real dividend on average for a rolling five-year basis,” it said.Chairperson Ahmad Badri Mohd Zahir said EPF managed to safeguard its members’ retirement savings well while meeting their immediate needs to deal with the current challenges.“It was not easy at times as we had to walk a tightrope in ensuring that our members survive the difficult time…